Ulta Beauty, Inc. (NASDAQ:ULTA) Position Increased by AlphaCrest Capital Management LLC

AlphaCrest Capital Management LLC lifted its position in shares of Ulta Beauty, Inc. (NASDAQ:ULTAGet Rating) by 90.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 4,909 shares of the specialty retailer’s stock after acquiring an additional 2,326 shares during the period. AlphaCrest Capital Management LLC’s holdings in Ulta Beauty were worth $1,892,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Cetera Investment Advisers grew its position in shares of Ulta Beauty by 5.5% during the second quarter. Cetera Investment Advisers now owns 4,373 shares of the specialty retailer’s stock worth $1,686,000 after acquiring an additional 229 shares during the last quarter. Checchi Capital Advisers LLC bought a new position in shares of Ulta Beauty during the second quarter worth about $216,000. Bridgewater Associates LP bought a new position in shares of Ulta Beauty during the second quarter worth about $439,000. O Shaughnessy Asset Management LLC grew its position in shares of Ulta Beauty by 43.3% during the second quarter. O Shaughnessy Asset Management LLC now owns 1,293 shares of the specialty retailer’s stock worth $498,000 after acquiring an additional 391 shares during the last quarter. Finally, CoreCap Advisors LLC bought a new position in shares of Ulta Beauty during the second quarter worth about $33,000. Institutional investors own 89.20% of the company’s stock.

Insider Buying and Selling at Ulta Beauty

In other news, insider Anita Jane Ryan sold 594 shares of the company’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $440.53, for a total value of $261,674.82. Following the transaction, the insider now owns 2,482 shares in the company, valued at approximately $1,093,395.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Anita Jane Ryan sold 594 shares of the company’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $440.53, for a total value of $261,674.82. Following the transaction, the insider now owns 2,482 shares in the company, valued at approximately $1,093,395.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Catherine Ann Halligan sold 276 shares of the company’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $445.86, for a total value of $123,057.36. Following the completion of the transaction, the director now owns 2,168 shares in the company, valued at approximately $966,624.48. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

ULTA has been the subject of several recent research reports. Raymond James upped their price target on shares of Ulta Beauty from $485.00 to $505.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 26th. Credit Suisse Group upped their price objective on shares of Ulta Beauty from $455.00 to $480.00 and gave the stock an “outperform” rating in a report on Friday, August 26th. Piper Sandler upped their price objective on shares of Ulta Beauty from $485.00 to $510.00 and gave the stock an “overweight” rating in a report on Friday, August 26th. Cowen upped their price objective on shares of Ulta Beauty from $480.00 to $503.00 and gave the stock an “outperform” rating in a report on Friday, August 26th. Finally, Telsey Advisory Group upped their price objective on shares of Ulta Beauty from $475.00 to $510.00 and gave the stock an “outperform” rating in a report on Friday, August 26th. Six analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $485.71.

Ulta Beauty Trading Down 0.6 %

ULTA stock opened at $447.37 on Thursday. Ulta Beauty, Inc. has a one year low of $330.80 and a one year high of $451.48. The firm has a market capitalization of $22.91 billion, a PE ratio of 20.95, a P/E/G ratio of 1.52 and a beta of 1.32. The firm has a 50-day moving average of $409.60 and a two-hundred day moving average of $401.74.

Ulta Beauty (NASDAQ:ULTAGet Rating) last posted its quarterly earnings data on Thursday, August 25th. The specialty retailer reported $5.70 EPS for the quarter, beating analysts’ consensus estimates of $4.96 by $0.74. Ulta Beauty had a net margin of 12.08% and a return on equity of 64.33%. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same period in the prior year, the firm earned $4.56 earnings per share. The business’s quarterly revenue was up 16.8% on a year-over-year basis. On average, equities research analysts anticipate that Ulta Beauty, Inc. will post 21.21 earnings per share for the current year.

Ulta Beauty Profile

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Ulta Beauty, Inc engages in the retail of beauty products. The company has one reportable segment, which includes retail stores, salon services, and e-commerce. Its products include makeup, skin care, tools and brushes, fragrance, and bath and body. Ulta was founded on January 9, 1990, and is headquartered in Bolingbrook, IL.

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Institutional Ownership by Quarter for Ulta Beauty (NASDAQ:ULTA)

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